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Order execution quality Meaning

A metric used to evaluate how well an exchange or broker performs. It looks at factors like Slippage (difference between expected price and actual price), Fill Rate (how often orders succeed), and Latency.

Regulators require brokers to seek "Best Execution" for clients. In crypto, execution quality varies wildly between exchanges.

A "scam wick" on a low-quality exchange might trigger a stop loss at a price that never occurred on the rest of the market, indicating poor execution quality or manipulation.

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